Chapter 8 In class assignment- submitted in Canvas Use these factors to answer questions n i PV$1 FV$1 PVA FVA 5 4% 0.82193 1.21665 4.45182 5.4163 5 6% 0.74726 1.33823 4.21236 5.6371 60 0.50% 0.74137 1.34885 51.72556 69.7700 3. You accepted a job offer with a local company that has offered to give you a signing bonus of $10,000 or a $15,000 bonus in 5 years (guaranteed). Your current investment rate is 4%. What is the best economic decision, take the bonus today or wait 5 years? 4. You plan to invest $5,000 every year for the next 5 years. What will be the value of your investment at the end of the 5 years if you can earn 6% annual interest? $ (round to nearest dollar) 5. Your grandparents have decided to give you $20,000 for grad school but they want to wait 5 years to give it to you. Assuming your grandparents are earning 6% annually, how much do they need to invest so that have the money to give you in 5 years? $. (round to nearest dollar)